Redevelopment Building

461 Eliot Detroit, MI 48201

461 Eliot, Detroit, MI, 48201
461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201 461 Eliot, Detroit, MI, 48201
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$650,000
Last Verified:
Nov 03, 2023

Highlights

  • Conveniently Located in Brush Park Section of Midtown Detroit, Close to Local Draws, Restaurants, Shops, Sports Venues, Hospitals & Universities
  • Ideal for Up to 30-Unit Multifamily Residential, Office, or Mixed-Use Development
  • Historic Building with 2 Stories, & Detroit Skyline Views
  • Walking Distance from Ford Field, Comerica Park, DMC Heart Hospital, Wayne State University School of Medicine and Pharmacy College
  • Close Proximity to I-75 & Woodward Ave.

Description

This Redevelopment Building in the vibrant Brush Park section of Midtown Detroit presents a unique opportunity for investors seeking a prime location with diverse potential. Situated within close proximity to a host of local attractions, including restaurants, shops, sports venues, hospitals, and universities, the property offers an ideal canvas for a multifaceted investment venture

Detroit | Michigan


Year Built: 1900
Building Size: 5242sq ft
Lot Size: 0.13 acres

Map of 461 Eliot, Detroit, MI, 48201

Presented by:
The Jonna Group

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Simon Jonna


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.